Baker Hughes' Big News: Is It a Smart Buy or a Risky Sell?
Energy equipment and services company Baker Hughes' (NASDAQ: BKR) second-quarter results produced a mixed reaction among investors. Just like its peer, , Baker Hughes served notice that lower oil and gas prices were curbing upstream and shale spending in North America.
However, there's a lot more to Baker Hughes than that, and the company beat estimates for the quarter and also raised the midpoint of its full-year guidance. What's going on, and is now the time to bail out of the stock or buy more?
It's no secret that the energy sector is a cyclical industry. High prices induce investment, which often causes overcapacity in the sector leading to a collapse in energy prices. A slump in investment follows, which causes under-capacity, and ultimately prices start rising again, so the cycle begins anew.
Source Fool.com
Halliburton Co. Stock
With 29 Buy predictions and not a single Sell prediction Halliburton Co. is an absolute favorite of our community.
As a result the target price of 45 € shows a positive potential of 42.11% compared to the current price of 31.67 € for Halliburton Co..
